The Gains From Trade
South American Economic Integration and the Resolution of Conflict
In recent years there have been steps toward further economic and political integration in South America. Since 2003, intra-regional trade has increased from 15 percent to 23 percent of total exports, and Venezuela has been invited to join as a full member of Mercosur. The case of Venezuela and Colombia may provide an example of how economic integration can establish important incentives to conflict resolution.
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Mark Weisbrot, Jake Johnston